This week, Ethereum also welcomed the weekly K update. From the perspective of weekly technical indicators, the KDJ technical indicator shows clear signs of an upward trend, and currently, Ethereum is firmly above the MA5 daily average. With the MA5 daily average trending upwards, Ethereum is also steadily stabilizing above the MA10 daily average and is showing a green TD2 arrangement for an increase. From the price movement at 8 PM and during the US stock market opening, the coin price has been declining. In terms of larger trends, Ethereum has preemptively repaired the technical gap with the MA5 daily average, completing the bottom formation.

From the 4-hour technical indicators, the KDJ and MACD indicators are still oscillating in the mid-axis area. Currently, the trading volume appears to be relatively weak, while the BOLL indicator continues to oscillate upwards. Although the short-term coin price is running below the 5-day moving average, both the MA5 and MA10 moving averages are still in a strengthening state. Therefore, in the early morning and tomorrow morning, we still expect an upward oscillation. Friends with positions can be patient and wait.

Ethereum can be bought in portions around 1810-1790, with a stop loss at 1760 and a target of 1870-1900.

The above is my personal market analysis from early morning, for your reference only.

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